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A lot of faceless funds. Utility-scale developments are usually built as a partnership between local utilities, a developer who acquires/leases land and builds the the site, and investors who buy the site and form a pricing agreement with the utilities. Sometimes the developer is also the investor. These are people who don't get out of bed for less than 8 digits.

Avantus is a large developer operating in the California/South West. You can look at their project partners for more. The developers require high touch relationships with local governments so they are very regional.

https://avantus.com/development




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